Solid Resources Ltd. (TSX Venture: SRW; Frankfurt: YRS) announced today that the company has commenced its 2011 Drill Program on its Doade-Presqueira property located in Northwestern Spain, 25 km east of the port city of Pontevedra.
The twenty nine hole drill program totaling approximately 3,500 metres will be supervised by Rolf Burkhardt, Phd. Geol. The expected duration of the drill program is two months and assays will be released as they become available.
The goal of the program is to add tonnage and determine the continuity of the grades of Tin, Tantalum and Lithium, which were recorded in the previous drill programs of 2003 and 2005. (Refer to SEDAR for the (NI) 43-101 Qualifying Report dated March 19, 2010). The results of the previous programs confirmed Solid's 12,108 acre concession contains a two-mica schist belt approximately 1 to 2 km wide and 14 km long with many pegmatite dykes along the strike containing rare metals such as Tin, Tantalum, Lithium, Niobium, Cesium and Rubidium.
The Company plans as part of the program to in-fill drill 16 vertical holes totaling approximately 2,000 meters in the Presqueira (northern region) of the property. This region would be suitable for low cost open pit mining.
The other 13 holes totalling approximately 1,500 metres will target the southern portion of the 12,108 acre concession. Average assay results form drill holes S0-03-4, S0-03-5 and S0-03-06 in the southern portion of the property returned the following results. The sample width of the dyke and host schist material was approximately one meter ranging to 10.8 metres.
"We are very excited to initiate the 2011 drill program at Solid's Doade-Presqueira property and push forward in establishing the commercial viability of the property," stated Mr. Greg Pendura, President and CEO. "The strengthening demand for the rare metals contained on this property has positioned Solid to benefit from their worldwide shortfall. We look forward to reporting the results of our assays to our shareholders in the very near future."
Source: Solid Resources Ltd.